Electro Rent Co. Plans Quarterly Dividend of $0.20 (ELRC)

Electro Rent (NASDAQ:ELRC) declared a quarterly dividend on Friday, June 7th, AnalystRatingsNetwork.com reports. Investors of record on Thursday, June 20th will be given a dividend of $0.20 per share on Wednesday, July 10th. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%.

Shares of Electro Rent (NASDAQ: ELRC) traded up 0.93% during mid-day trading on Friday, hitting $17.32. Electro Rent has a one year low of $13.51 and a one year high of $18.73. The stock’s 50-day moving average is currently $17.40. The company has a market cap of $415.6 million and a P/E ratio of 18.26.

Electro Rent (NASDAQ: ELRC) last posted its quarterly earnings results on Monday, April 8th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.02. The company had revenue of $64.70 million for the quarter, compared to the consensus estimate of $60.10 million. Analysts expect that Electro Rent will post $0.92 EPS for the current fiscal year.

Electro Rent Corporation is engaged in the rental, lease and sale of new and used electronic test and measurement (NASDAQ: ELRC) equipment.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.